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Nvidia Q2 revenue $96.2B AI chip demand
4 items●1 sources●updated 25d ago●trend 0
Nvidia reported Q2 revenue of $96.22 billion, more than doubling year-over-year, driven by record data center sales of $89 billion as AI chip demand surges. The company projects $108 billion in Q3 revenue and forecasts 70% sales growth next year, while defending financing arrangements with customers as low-risk investments.
- Q2 revenue reached $96.22 billion, exceeding Wall Street expectations by over $10 billion sequentially
- Data center revenue alone hit record $89 billion, more than doubling year-over-year
- Net profit more than doubled to $59.69 billion in the quarter
- Q3 revenue guidance set at $108 billion, positioning Nvidia as a $100B+ quarterly revenue company
- Company projects 70% sales growth for next year and characterizes customer financing deals as 'excellent' investments